Bullish Case: CP's solid historical growth and recent beat on earnings expectations suggest continued investor confidence and potential upside.


Bearish Case: Flat term structure and low option trading volume hint at limited catalysts for strong price movements; downside potential exists.


Potential Outcomes: Near-term, expect continued flattish price action given mean reversion trend and low volatility (60%). Less likely, a breakout move either direction based on unforeseen catalysts (40%).


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February 09, 2024


Canadian Pacific Railway Forecast

[CP]  Canadian Pacific Railway
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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CP Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with CP



BETZ Forecast + Options Trading Strategies   [BETZ]  Roundhill Sports Betting & iGaming (0.81)


IHI Forecast + Options Trading Strategies   [IHI]  BTC iShares U.S. Medical (0.8)


XLP Forecast + Options Trading Strategies   [XLP]  Consumer Staples Select Sector SPDR (0.76)


IAC Forecast + Options Trading Strategies   [IAC]  IAC InterActiveCorp. (0.75)


ABT Forecast + Options Trading Strategies   [ABT]  Abbott Laboratories (0.75)



Uncorrelated Stock Forecasts

Assets with little price relationship to CP



VRTX Forecast + Options Trading Strategies   [VRTX]  Vertex Pharmaceuticals (0.0)


CLF Forecast + Options Trading Strategies   [CLF]  Cleveland-Cliffs (-0.0)


MET Forecast + Options Trading Strategies   [MET]  Metlife (0.0)


NE Forecast + Options Trading Strategies   [NE]  Noble (-0.0)


HES Forecast + Options Trading Strategies   [HES]  Hess (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CP



TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.49)


TWM Forecast + Options Trading Strategies   [TWM]  ProShares UltraShort Russell2000 (-0.5)


REK Forecast + Options Trading Strategies   [REK]  ProShares Short Real Estate (-0.51)


UUP Forecast + Options Trading Strategies   [UUP]  Invesco DB US Dollar Index Bullish (-0.56)


UVIX Forecast + Options Trading Strategies   [UVIX]  VS Trust - 2x Long VIX Futures (-0.6)


CP News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent CP News






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